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boehner stepped in front of the microphone the day after the election and this market tanked. that's a clear signal to washington they better get it right. >> i think ben is right on the money. this is basically what is happening. there's an enormous amount of room for disappointment in this market. this market is expecting a deal. i don't know why all of the sudden today we get this triple-digit move as if something is happening. if we don't get a deal, how big of a sell-off can we see? >> well, we've seen the t.a.r.p. disappointment. we've seen the debt ceiling disappointment. i think if we go over the cliff, we're going to have a very big sell-off, then the politicians are going to go, hey, we're here to the rescue. >> what's fueling this optimism then? >> i think we have seen the idea that the market has voted to tell washington they need to get it right with the sell-offs we have seen. the anticipation is they want to get re-elected. they understand the republicans now have detectors. again, the market is saying we with believe in you. don't screw this up. >> all right. y
boehner stepped in front of the microphone the day after the election and this market tanked. that's a clear signal to washington they better get it right. >> i think ben is right on the money. this is basically what is happening. there's an enormous amount of room for disappointment in this market. this market is expecting a deal. i don't know why all of the sudden today we get this triple-digit move as if something is happening. if we don't get a deal, how big of a sell-off can we see?...
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Dec 6, 2012
12/12
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we have not seen that same support from republicans to speaker boehner. he has the rank and file behind him, but we have conservative voices both in the senate and house criticize the plan he put on the table. with that said, again, i guess my initial question is where do you see progress? you noted where the president stood the line and been loyal to the words he offered to the american public upon re-election, but as far as these negotiations are concerned, where is the progress? >> well, i think republican voices are being raised. even lindsey graham over in the senate and in the house, you're seeing the congressman speak out from ohio. though he's leaving, he sees a path forward to an agreement. i think we need 218 to pass a measure in the house, and i think we're on the road to do that. >> quickly, we have to talk about major changes to social security and medicare. you are against it. a new poll shows that 70% are opposed to medicaid spending cuts, 51% oppose raising medicare age. where are you you willing to compromise on entitlements when that par
we have not seen that same support from republicans to speaker boehner. he has the rank and file behind him, but we have conservative voices both in the senate and house criticize the plan he put on the table. with that said, again, i guess my initial question is where do you see progress? you noted where the president stood the line and been loyal to the words he offered to the american public upon re-election, but as far as these negotiations are concerned, where is the progress? >>...
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Dec 3, 2012
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for the gop house speaker john boehner. geithner and boehner only on fox news sunday. plus, we've seen this movie before. the two parties edging closer and closer to the brink. we will ask our sunday panel whether we will get a happy ending or an economic disaster. and our power player of the week. a young beauty queen has to make a tough choice. all right now on fox news sunday. >> hello again from fox news in washington. well, we had quite a day around here friday with talks to avoid the fiscal cliff deadlock, and everyone saying the other side is to blame, pressure secretary geithner scheduled a ground of interviews. then friday afternoon, speaker boehner's office called to say he wanted to come on fox news sunday to tell his side of the story. you will hear from bain -- john bainner a few minutes. first my conversation with tim geithner about the lack of progress in steering away from the cliff. >> secretary geithner, welcome back to fox news sunday. >> nice to see you, chris. >> i spoke with house speaker boehner before you came over here. he said when you present
for the gop house speaker john boehner. geithner and boehner only on fox news sunday. plus, we've seen this movie before. the two parties edging closer and closer to the brink. we will ask our sunday panel whether we will get a happy ending or an economic disaster. and our power player of the week. a young beauty queen has to make a tough choice. all right now on fox news sunday. >> hello again from fox news in washington. well, we had quite a day around here friday with talks to avoid...
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Dec 2, 2012
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hard to believe he has both tim geithner and john boehner. from the looks of it, john boehner does seem to be flabbergasted. we'll get to that shortly. >> eric: that is on "fox news sunday." later today, exclusive interview with speaker boehner. sunday at 2:00 p.m. and 6:00 p.m. right here on the fox news channel. >> jamie: well, there is a push by the senate republican leader mitch mcconnell as well to put medicare and social security on the table to try and the budget crisis we're talking about. mcconnell telling the "wall street journal" that those are the kind of things that would get republicans interested in new revenue. maybe bipartisan. john fund, a columnist for the "national review magazine." good morning. >> good morning. >> jamie: great to have you here this morning. >> thanks. >> jamie: we have less than a month left as we have been talking about went're now in december for the fiscal cliff. what truly is on the table where both democrats and republicans are concerned? do you see anything they agree on? >> we have four weeks to g
hard to believe he has both tim geithner and john boehner. from the looks of it, john boehner does seem to be flabbergasted. we'll get to that shortly. >> eric: that is on "fox news sunday." later today, exclusive interview with speaker boehner. sunday at 2:00 p.m. and 6:00 p.m. right here on the fox news channel. >> jamie: well, there is a push by the senate republican leader mitch mcconnell as well to put medicare and social security on the table to try and the budget...
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the question is, i feel almost sorry for john boehner. there is incredible pressure on him from a base of his party that is unreasonable about this, and he's got to decide, is his speakership more important, or is the country more important? and in some ways, he has got to deal with this base of the republican party who grover norquist represents, and, you know, everybody's elevated grover -- i met him for the first time this morning. nice to meet him. but who is he? why is he this guy that has captured so much attention in this? let's talk about our country and -- >> but, senator, let's also talk about spending. again, you talk about 1993. president clinton cutting upwards of $250 billion from defense. name some specific programs that ought to be cut that would cause pain in terms of the role of our government that democrats are prepared to support. >> well, i think you can see more cuts frankly and a lot of us voted for more cuts in the farm program. $23 billion in savings in the farm bill that's languishing in the house right now. $23
the question is, i feel almost sorry for john boehner. there is incredible pressure on him from a base of his party that is unreasonable about this, and he's got to decide, is his speakership more important, or is the country more important? and in some ways, he has got to deal with this base of the republican party who grover norquist represents, and, you know, everybody's elevated grover -- i met him for the first time this morning. nice to meet him. but who is he? why is he this guy that has...
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Nov 29, 2012
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john boehner also met with secretary and 8 this morning and he was not happy either. take a listen. >> despite claims that the president supports a balanced approach, democrats have yet to get serious about real spending cuts. no substantive progress has been made in the talks between the white house and the house over the last two months. >> is a tactic. it is a tactic. but the facts are these. the american people expect and deserve us to honor our responsibility for them, to manage this issue in a way that does not harm our economic growth. peter: house minority leader nancy pelosi finished her meeting with secretary tim geithner and she is expecttd to appear at a press conference to debrief reporters momentarily. liz: we heard elvis had left the building. tim geithner migrating to the next meeting. any word on progress the two sides are making? peter: you are hearing what i just reported from senate falcons--republicans but talked one democrat who said he felt a phone call last night between john boehner and president obama was progress. he was feeling more optimis
john boehner also met with secretary and 8 this morning and he was not happy either. take a listen. >> despite claims that the president supports a balanced approach, democrats have yet to get serious about real spending cuts. no substantive progress has been made in the talks between the white house and the house over the last two months. >> is a tactic. it is a tactic. but the facts are these. the american people expect and deserve us to honor our responsibility for them, to...
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boehner's emboldened by that support. but also you know i think they've been swashbuckling insofar as keeping the raucous members or purging them from committee chairs. >> there's definitely been a new message which is that john boehner's the boss and we're not going to deal with insubordination. if you look at that offer, people are saying it's boehner's offer. it's signed by eric cantor. >> and paul wrien. >>> and paul ryan. any leader who the rebels, shall we say, within the republican conference could have, is now aligned with wehner completely. strengths his hand. he's the sole negotiate, whatever he gets from president obama will be the rule of law. and i think what's really emboldened boehner, ironically, mitt romney's loss. it's this idea that john boehner's survived, he's the one who came through. we were able to keep the house. he does get a lot of credit for that among house republican circles, they were able to keep the house. people think -- >> he raised something like 100 million dollars. >> he's the kingmak
boehner's emboldened by that support. but also you know i think they've been swashbuckling insofar as keeping the raucous members or purging them from committee chairs. >> there's definitely been a new message which is that john boehner's the boss and we're not going to deal with insubordination. if you look at that offer, people are saying it's boehner's offer. it's signed by eric cantor. >> and paul wrien. >>> and paul ryan. any leader who the rebels, shall we say, within...
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especially since boehner does not want to increase tax rate at all. he wants the revenue from the closed loopholes and limited deduction. >> put a new deal on the table but tim geithner, does he say specifically where he sees the tax rate for the top earners going? >> he did. 39.6%, like in clinton era. he said clinton rare was time of remarkably good economic growth and strong private investment and he thinks that the republicans just need time to digest the idea of higher rates for rich. >> you heard them for the first time i think in two decades now acknowledge that they are willing to have the revenue go up as part of a balanced plan. a good first step. they have to tell us what they are willing to do on rate and revenues. that is hard for republicans. >> secretary geithner says he cannot promise we will not go off the fiscal cliff. speaker boehner says he is going to do everything we can to avoid the cliff. but acknowledged there is a chance he canal stop it. jamie? >> eric: peter doocy comprehensive report. >> jamie: thank you. >> eric: presiden
especially since boehner does not want to increase tax rate at all. he wants the revenue from the closed loopholes and limited deduction. >> put a new deal on the table but tim geithner, does he say specifically where he sees the tax rate for the top earners going? >> he did. 39.6%, like in clinton era. he said clinton rare was time of remarkably good economic growth and strong private investment and he thinks that the republicans just need time to digest the idea of higher rates...
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>> you know, he did that kind of negotiates with boehner th last time over the debt limit. i think what you're seeing now with a president who got re-elected with 332 electoral votes and probably winning the pular vote by 3.5%, figuring that he has significant leverage, and, frankly, the leverage tom cole acknowledged here which is right now if you are a minority where you had lerage by blocking things, you're going to end up with a big tax in connection -- new york on everybody. i think we'll see an end game, the president doing something he did do the last time, going out to the public more, but in the end, it's going to be obama and boehner, after we get done with the staff and the surrogates like tim geithner. gerri: a lot call obama moves more campaigning. one of the questions that's not answered, andbowles brought it up today. he says democrats he to move on entitlements. should entitlements be a part of the conversation? >> oh, i think they absolutely have to be a part of the conversation. you know, if you look at what's happenedo spending over the last five or six y
>> you know, he did that kind of negotiates with boehner th last time over the debt limit. i think what you're seeing now with a president who got re-elected with 332 electoral votes and probably winning the pular vote by 3.5%, figuring that he has significant leverage, and, frankly, the leverage tom cole acknowledged here which is right now if you are a minority where you had lerage by blocking things, you're going to end up with a big tax in connection -- new york on everybody. i think...
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did say that the administration proposal just as boehner said is not serious. it's insulting. laughable. heavy on spending. there is no entitlement reform in there. they want the decouple of the tax rate for precondition for any discussion. they considered the sequester cut that everybody said is just fine. happy for those to be the only cuts on the table. >> all of this talk about the behind the scenes is going better than the public discussion. >> that's what i thought was happening. but it's not. the way they characterize talks is they're going backwards not forward. if president obama is talking about taxing the wealthy. it doesn't get you there. the math doesn't add up. i doesn't get you out of the hole. but if they get that on december 22 and all he get he is has a seriouscliff on his hands. >> i want to play this. question to nancy pelosi. the minority leader in the house about spending cuts and what she is willing to do. >> the thing on the spending cuts -- the definite -- [ inaudible ] >> $1.5 trillion in cuts is a lot of money. we in washington, d.c. and we get used
did say that the administration proposal just as boehner said is not serious. it's insulting. laughable. heavy on spending. there is no entitlement reform in there. they want the decouple of the tax rate for precondition for any discussion. they considered the sequester cut that everybody said is just fine. happy for those to be the only cuts on the table. >> all of this talk about the behind the scenes is going better than the public discussion. >> that's what i thought was...
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Nov 30, 2012
11/12
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john boehner had a press conference followed one by senate democratic leaders, they were both chest thumping saying neither side of getting closer, but privately they are, republicans know that at some point they are going to have to give in and rates will increase because. democrats are saying they will not concede on raising rates. it is just been announced went last couple minutes that white house put a offer on table a deal that raises $1.6 trillion in revenue, house republicans say no way, they their is a jumping off point where they will begin the negotiations,. neil: you know, tom, people, you are head of one of the largest concerns on planet. so southern company, have you a real concern, no one is talking about lowering thaing that divid that, go 39.6%. for a lot of folks who invest in your company, that is their lifeblood. >> well, such a mistake, neil, when i think about that, why would the government want to put in place an incentive to introduce people to invest in riskier securities? dividend paying stocks are lower risk than those who are oriented toward capital gains, our shar
john boehner had a press conference followed one by senate democratic leaders, they were both chest thumping saying neither side of getting closer, but privately they are, republicans know that at some point they are going to have to give in and rates will increase because. democrats are saying they will not concede on raising rates. it is just been announced went last couple minutes that white house put a offer on table a deal that raises $1.6 trillion in revenue, house republicans say no way,...
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Dec 6, 2012
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boehner knows this. this is why boehner is now coming to the table saying, all right, we can't do the cliff thing, we'll get the political hit for it and we'll also be in a bad negotiating position. but he has to identify where the money's coming from. and it's got to be rates. i get a sense in washington that the democrats have drawn the line in the sand on rates. if you can't get rates, you can't get anything else. boehner's going to come out and identify a bunch of deductions. that's not going to be enough. you got to go the rates. once you do the rates, everything else might fall in place because do i think the white house will negotiate. >> i want to go over the stakes of all of this just for the average american family, if we do go over the cliff, about 90% of households would end up paying almost $3,500 more in taxes and one in five action pai -- taxpayers would have to pay the alternative minimum tax, which would mean an increase of $3,700 more of what you already know and those on unemployment i
boehner knows this. this is why boehner is now coming to the table saying, all right, we can't do the cliff thing, we'll get the political hit for it and we'll also be in a bad negotiating position. but he has to identify where the money's coming from. and it's got to be rates. i get a sense in washington that the democrats have drawn the line in the sand on rates. if you can't get rates, you can't get anything else. boehner's going to come out and identify a bunch of deductions. that's not...
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Nov 30, 2012
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and say republicans will have to give in. >> did speaker john boehner get the message? because the message was work together. >> they're not going to openly concede on this point this far out from the deadline, but they see the handwriting on the wall. >> reporter: late today, gop sources said that they have some details about the proposal brought here from tim geithner. they say the white house is offering $1.6 trillion in tax increases over ten years, 400 billion in cuts coming later. and no new proposals dealing with entitlement reform. republicans say for them, a nonstarter. >> kelly o'donnell, another cold night on capitol hill. thank you. >>> and as this debate goes on, a memorial service in washington today for a long-time budget-cutting warrior, former senator warren rudman, and david suitor was among them, and former senator and white house chief of staff, howard baker, a republican from new hampshire who authored a bill that included automatic spending cuts way back in '85. warren rudman went on to found the coalition that pushed for reducing the deficit. sena
and say republicans will have to give in. >> did speaker john boehner get the message? because the message was work together. >> they're not going to openly concede on this point this far out from the deadline, but they see the handwriting on the wall. >> reporter: late today, gop sources said that they have some details about the proposal brought here from tim geithner. they say the white house is offering $1.6 trillion in tax increases over ten years, 400 billion in cuts...
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Nov 29, 2012
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speaker boehner's comments pushed the market lower. then other comments brought them back a little bit. the dow is up just 45 points right now at 13,030. the nasdaq also trading higher today. last i checked, it was up 21 points. there it is at 3,013. that's about the high for the session. the s&p is up about seven points at 1416. >> a bit of a roller coaster ride today after fiscal cliff comments from both parties. >> eamon javers on capitol hill is following the drama, which changes moment by moment. >> absolutely, bill. it's been a bit of a roller coaster ride, as you say, on capitol hill with duelling press conferences today. follow along with me here on what each person said from each party and how that impacted the market, starting with speaker john boehner. here's what he had to say early in the day. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the house and the house o
speaker boehner's comments pushed the market lower. then other comments brought them back a little bit. the dow is up just 45 points right now at 13,030. the nasdaq also trading higher today. last i checked, it was up 21 points. there it is at 3,013. that's about the high for the session. the s&p is up about seven points at 1416. >> a bit of a roller coaster ride today after fiscal cliff comments from both parties. >> eamon javers on capitol hill is following the drama, which...
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look, in the negotiations, speaker boehner was reportedly offered revenue. the presidents asked for $1.6 trillion in revenue. there's a bid. there's an ask. >> let me bring that to congressman ellison, we started to see the beginnings of a counteroffer from mitch mcconnell. he offered three things. he said that he's gradual increase in the eligibility age for medicare. some adjustments to social security cola. i believe those are all nonstarters to you and the progressive caucus. >> those would be a problem because raising rates and increasing eligibility age is going to hurt people across income scales. particularly low income seniors and people like that. that wouldn't work for us. >> the president has been open to some of that before. >> here's the deal, the people of the united states believe that medicare is an important program. they don't want to see beneficiaries cut. if we find cuts that don't result in cuts to beneficiaries that's one thing. but we're not going to go after seeing the president win this election, we won the white house, turn right a
look, in the negotiations, speaker boehner was reportedly offered revenue. the presidents asked for $1.6 trillion in revenue. there's a bid. there's an ask. >> let me bring that to congressman ellison, we started to see the beginnings of a counteroffer from mitch mcconnell. he offered three things. he said that he's gradual increase in the eligibility age for medicare. some adjustments to social security cola. i believe those are all nonstarters to you and the progressive caucus. >>...
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boehner i think is trying to rise above partisanship and get a deal. i think he's been very valiant. but sit going to take a toll on the gop internally? >> larry, i was at a very prominent conservative meeting in washington today, and you know who showed up? a congressman from kansas. he was booted off of his committee earlier today and he was very angry talking to conservative activists. here's why conservatives are angry. as this fiscal cliff negotiations continues, they think boehner is trying to warn conservatives about going against any kind of deal he cuts with the white house. so as a warning, boehner is saying i'm going to boot you off your committee if you go against something i do. a lot of conservatives don't like it when he plays hardball. they're going to continue to fight back just like senator demint is doing right now. >> but he's also going to lose some votes on the moderate side. a couple dozen republican house members signed a bipartisan letter that says let's look at all kinds of tax rates, not just the deduction, but tax rates in r
boehner i think is trying to rise above partisanship and get a deal. i think he's been very valiant. but sit going to take a toll on the gop internally? >> larry, i was at a very prominent conservative meeting in washington today, and you know who showed up? a congressman from kansas. he was booted off of his committee earlier today and he was very angry talking to conservative activists. here's why conservatives are angry. as this fiscal cliff negotiations continues, they think boehner...
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we know from sources that the president and speaker boehner did speak yesterday. but i want to point this out, as we're all trying to read the tea leaves on progress, is there progress, is there not progress, we have had no public evidence of progress for sure to date. and my colleague, jessica yellin, got an important note from a source said in the call the president stressed to boehner that rates were going up on the wealthy, and there was no deal without it. that is a major sticking point, ashleigh. you know that. has been all along. and i'll tell you, there's no indication from republicans right now they're moving off their position. they don't think that's the right path to go. they're sticking to their guns so far. as you can see, as we've been saying all along, it appears and we'll see what comes out of these meetings, both sides are staring each other down and doesn't look like they're off the starting blocks yet. >> i have a son in kindergarten, and his teacher is very good at negotiating people who are intransie intransient, maybe they should call her. k
we know from sources that the president and speaker boehner did speak yesterday. but i want to point this out, as we're all trying to read the tea leaves on progress, is there progress, is there not progress, we have had no public evidence of progress for sure to date. and my colleague, jessica yellin, got an important note from a source said in the call the president stressed to boehner that rates were going up on the wealthy, and there was no deal without it. that is a major sticking point,...
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and if you listen to speaker boehner, it's not going very well. take a listen. >> i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> and the speaker tweeted, "how serious is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the posture that everyone is taking in public, but then what you're hearing behind the scenes is that everyone's sort of understands what the contours of the deal are going to look like. and what i see is john boehner trying to sort of protect his caucus at this point because he probably understands that at the end of the day, that top rate is going to go up. and republicans are in a really awkward pos
and if you listen to speaker boehner, it's not going very well. take a listen. >> i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> and the speaker tweeted, "how serious is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so...
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that boehner knows, there is nothing i can do. we're going to have to go off the curb for my members to understand where we really are. we're going to have to have one week of the united states of america operating under higher tax brackets, higher withholding, on takehome pay. and then i'll be able to talk some sense to them. and from the president's side of it, going off the cliff, the curb, just gives him the tax rates he wants at the top and then you just have to adjust down from that. >> i agree. and i think people should generally ignore what boehner is saying and the way he's saying it. i totally agree with you. i think that boehner right now, he can't humiliate his caucus. he can't come out and publicly admit, look, we're beaten. he's got to still talk the tea party talk to the extent they have any power left. >> but he let's tom cole go out there and tell the truth. >> right. >> that is a boehner authorized mission, cole going out there. >> totally agree. >> chris hayes and joy reid, thank you. chris hayes' show is "up wi
that boehner knows, there is nothing i can do. we're going to have to go off the curb for my members to understand where we really are. we're going to have to have one week of the united states of america operating under higher tax brackets, higher withholding, on takehome pay. and then i'll be able to talk some sense to them. and from the president's side of it, going off the cliff, the curb, just gives him the tax rates he wants at the top and then you just have to adjust down from that....
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starting off -- or including house speaker john boehner. of course boehner will be key to moving the needle on these fiscal cliff negotiations. this comes on the heels of a phone call between president obama and speaker boehner which occurred credit. my sources are telling me the phone call lasted for about a half an hour. politico described it as curt, but may sources say that's not necessarily the case. so of course treasury secretary tim geithner coming in to the hill trying to move the needle on the fiscal cliff and we're hearing that there are sort of broad outlines of a framework emerging. but of course they really need to put some meat on the bones. what does that mean in terms of increasing taxes and cutting medicare. to those are some of the issues being hammered out today. >> kristen, thank you so much. so as we said, it is tim geithner's day on the hill. is this a sign that talks are being accelerating or hitting stumbling blocks? joining me now senator kent conrad. sir, great to have you here. we showed the headline at the top o
starting off -- or including house speaker john boehner. of course boehner will be key to moving the needle on these fiscal cliff negotiations. this comes on the heels of a phone call between president obama and speaker boehner which occurred credit. my sources are telling me the phone call lasted for about a half an hour. politico described it as curt, but may sources say that's not necessarily the case. so of course treasury secretary tim geithner coming in to the hill trying to move the...
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congress has just ten legislative days before going off the cliff, but the president and speaker boehner have not met in 13 days and a reported phone call yesterday was described as curt. tim geithner is about to meet with each leader this morning to talk about the fiscal cliff or slope or curve. but whatever you call it, politico's front page headline reads, fiscal cliff deal emerging. it hashes out the flame woframe agreement including $400 billion in cuts to entitlements. but how close are they really? depends on who you ask. >> what's going on between the decision makers is little to nothing. >> you can actually now see what the contours of the deal look like. >> i'm optimistic that we can continue to work together to overt this crisis and sooner rather than later. >> we will not negotiate the end of medicare. i don't know what it is with these republicans. >> it's safer if you're on the progressive end of the political spectrum to go over the fiscal cliff than it is to agree to some of the things they're talking about. >> ruth, where do you stand, deal or no deal? >> not who deal, b
congress has just ten legislative days before going off the cliff, but the president and speaker boehner have not met in 13 days and a reported phone call yesterday was described as curt. tim geithner is about to meet with each leader this morning to talk about the fiscal cliff or slope or curve. but whatever you call it, politico's front page headline reads, fiscal cliff deal emerging. it hashes out the flame woframe agreement including $400 billion in cuts to entitlements. but how close are...
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. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. boehner started doing it. did you see they removed two tea party members from the budget committee? >> i don't want to raise taxes to fund 25% of gdp. >> and actually, the american taxpayers are being told to pay their fair share. they want to see real entitlement reform as well. but you have to deal with the issue on the table. i mean, the spending right now is a percentage of gdp is 24%. it's projected to go substantially higher. do you know that medicare and medicaid didn't exist 50 years ago and they're now a quarter of the federal budget? >> i know. it was supposed to be supplemental. david walker was on the other day talking about obama care which is supposed to save us a trillion dollars and the actual cost, what it added the our entitlement is 12 trillion. just that we did in the last two years. or whenever it was. >> but in terms of where we are now in this negotiation, i believe that both sides in the final ana
. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. boehner started doing it. did you see they removed two tea party members from the budget committee? >> i don't want to raise taxes to fund 25% of gdp. >> and actually, the american taxpayers are being told to pay their fair share. they want to see real entitlement reform as well. but you have to deal with the issue on the table. i mean, the...
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we still have public posturing politically from speaker boehner and the president. do you make anything of that? is the market becoming immune to the public outcry or what? >> you know, i don't know about the public outcry issue, but i can tell you this. it doesn't surprise me that on a friday the stock market would pay less attention to the tape bombs than other days because of the weekend and the issues of trading and any surprises that come up. i would doubt if you're going to even see much movement in the last hour. treasuries, on the other hand -- well, actually, they're very similar. but where you start to see something different is as our guest was talking about. move outside of treasuries. if you look at barclays, whether it's their high-yield index or investment index, they're not at their best levels, but they've been big movers. the biggest issue is the taxes surrounding munis. that was started in '07. all-time new highs today. even if you look at the lipper or barclay indices, it reflects the same thing. in a way, it's sad. in a way, it isn't. it undersc
we still have public posturing politically from speaker boehner and the president. do you make anything of that? is the market becoming immune to the public outcry or what? >> you know, i don't know about the public outcry issue, but i can tell you this. it doesn't surprise me that on a friday the stock market would pay less attention to the tape bombs than other days because of the weekend and the issues of trading and any surprises that come up. i would doubt if you're going to even see...
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meanwhile, house speaker john boehner seems willing to negotiate, as long as it's in good faith. >> it's not acceptable to me and i don't think it's accept to believe you for a handful of republicans in congress to hold middle class tax cuts hostage because they don't want tax rates on upper income folks to go up. >> let's not kid ourselves. i'm willing to move forward in good faith. our original framework still stands. >> andrea: the republican leader mitch mcconnell said he burst in laughter when tim geithner outlined the president's plan. what's next? rush limbaugh and charles krauthammer want republicans to walk away and let obama own the mess. >> the best thing to do is back out of this and let obama and democrats have it and do what you want to do. that will happen anyway. i don't know about you, i don't want my fingerprints on this. >> this is almost unheard of. what do they expect? they think the republicans will cave on everything. i think republicans should walk away. >> eric: so on tuesday, i remember -- >> andrea: i floated the idea and i said why can't republicans vote prese
meanwhile, house speaker john boehner seems willing to negotiate, as long as it's in good faith. >> it's not acceptable to me and i don't think it's accept to believe you for a handful of republicans in congress to hold middle class tax cuts hostage because they don't want tax rates on upper income folks to go up. >> let's not kid ourselves. i'm willing to move forward in good faith. our original framework still stands. >> andrea: the republican leader mitch mcconnell said he...
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and you see boehner coming out -- boehner, by the way, just walked past us and gave us a big smile just a few seconds before we came on the air. he's clearly not all that upset. he seems like he's in a pretty good mood here today. so boehner is saying no. i don't like that offer. now harry reid is coming out and say wk hey, wait a second. it's time for you guys to get serious. when harry reid says it's time to listen to the american people, what he's saying is, look at the poll numbers. this thing polls much better for us than it polls for you. you're getting clobbered here, republicans. pay attention. so that's the message that's going on. you're seeing a lot of horse trading. yeah, if you're a player in the market right now, it's got to feel like you're being held hostage to this horse trading in washington. that's the way they've done it here for a couple hundred years in this town. i think that's the way they'll continue doing it up to the edge of the deadline on the fiscal cliff. >> you get any sense as you talk to the folks making these comments that they even care what the stock
and you see boehner coming out -- boehner, by the way, just walked past us and gave us a big smile just a few seconds before we came on the air. he's clearly not all that upset. he seems like he's in a pretty good mood here today. so boehner is saying no. i don't like that offer. now harry reid is coming out and say wk hey, wait a second. it's time for you guys to get serious. when harry reid says it's time to listen to the american people, what he's saying is, look at the poll numbers. this...
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more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get a freebie is just crazy. >> california at 52%, new york and other places -- >> when you add up all the state and local taxes. hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl those a >> boston in the city can get like that. last night i was thinking in my mother was still alive, cincinnati versus here, she would see like ten cars an and go oh, i can't believe people -- if she had
more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get...
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>> it has given john boehner some cover. you now have a conservativconse albeit establishment member of the house republican party who is essentially going to the left of john boehner. of course, john boehner has basically said, look, i disagree with tom cole. what has happened, we have actually seen other republicans embrace what tom cole said. mary bono mack said she'd support something tom cole is calling for, extension of the bush tax cuts for the middle class, not for the wealthiest. by having this cover john boehner could actually have the flexibility to negotiate with the white house maybe something that doesn't go as far as the white house and tom cole want, but some other kind of middle ground. something we didn't see in the 2011 negotiations over the debt ceiling. >> meanwhile john boehner is being pretty elusive about what the specifics, the details are. i want to play a little bit of what he said today at his weekly briefing. >> revenue is on the table. but revenue was only on the table if there were serious spen
>> it has given john boehner some cover. you now have a conservativconse albeit establishment member of the house republican party who is essentially going to the left of john boehner. of course, john boehner has basically said, look, i disagree with tom cole. what has happened, we have actually seen other republicans embrace what tom cole said. mary bono mack said she'd support something tom cole is calling for, extension of the bush tax cuts for the middle class, not for the wealthiest....
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. >> thi am trying not to paint u too far in a box that tells boehner what to do. >> he didn't care to negotiate cuts on camera. >> we will have that conversation with the president. >> there will be an opportunity when treasury secretary tim geithner comes up here to capitol hill to meet with top 4 congressional leaders. >> heather and heather back to you. >> mike emanuel, thank you very much. >> coming up next on the rundown are you looking to earn a little extra cash during the holidays? cheryl casone that is three companies who are hiring right now. >> i now pronounce you significant others. what the heck is that? we will tell you about this one state that is cutting out the word husband and wife from marriage certificates. >> it's true. flush >> welcome back. it is 22 after the top of the hour. two weeks after he was busted for allegedly assaulting then fiancee now wife hope solo. jeremy stevens now behind bars. the ecstasy at el seahawk arrested after prior arrest for marijuana so session. >> you could be paying more to indulge in junk food. the president will tax junk food to ge
. >> thi am trying not to paint u too far in a box that tells boehner what to do. >> he didn't care to negotiate cuts on camera. >> we will have that conversation with the president. >> there will be an opportunity when treasury secretary tim geithner comes up here to capitol hill to meet with top 4 congressional leaders. >> heather and heather back to you. >> mike emanuel, thank you very much. >> coming up next on the rundown are you looking to earn a...
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. >> i feel almost sorry for john boehner. >> does john boehner have control of his caucus? >> will john boehner lead his sdmaukz. >> is he leading his caucus or will his caucus lead him? >> two party two is going to dwarf tea party one. >> this is embarrassing. >> he's the problem. >> he's willing to act like the election never happened. >> we're not getting anywhere. >> we're going over the cliff. >> it's the gop who has been short on specifics. >> i would say we're nowhere, period. we're nowhere. >> the same exact policies. >> this shows that republicans are really chicken hawks. >> you can't be serious. >> chicken hawks when it comes to reducing the debt. >> get serious. >> we're not getting anywhere. >> the path to nowhere. >> be prepared for the plunge. >> i would say we're know where know where. >> there's clearly a chance. >>> today, john boehner, eric cantor and paul ryan finally kind of sort of responded to the president's budget proposal, a proposal of their own that they were so unmarried to that they didn't put their names on it. they said the whole thing was er
. >> i feel almost sorry for john boehner. >> does john boehner have control of his caucus? >> will john boehner lead his sdmaukz. >> is he leading his caucus or will his caucus lead him? >> two party two is going to dwarf tea party one. >> this is embarrassing. >> he's the problem. >> he's willing to act like the election never happened. >> we're not getting anywhere. >> we're going over the cliff. >> it's the gop who has been...
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what does the president need to offer to speaker boehner so that speaker boehner can show his face back in the house and not be too humiliated. >> the way i see it should be about a 55% to 60% democratic solution. it will never be 50/50 because the republicans lost the election. the winner, the winning party, gets to call it. and so i'd say 60%. what the democrats have to win on, they have to get an increase in the tax rate of people making a lot of money. it has to go up beyond 35% to something at least 37%, maybe 38%, maybe not 39.6% but somewhere around 38%. get that in. get rid of some deductions and i think that's it. they might want to raise the cap on payments toward medicare when you're working years. something that would make the medicare prom more secure financially which would appeal to the progressives and people with big city and working class constituencies. >> what about the age for when you qualify for social security? >> well, i wouldn't touch that. that's too high. you don't do that over christmas rush. you know, you do that over a long period of time and you make a ve
what does the president need to offer to speaker boehner so that speaker boehner can show his face back in the house and not be too humiliated. >> the way i see it should be about a 55% to 60% democratic solution. it will never be 50/50 because the republicans lost the election. the winner, the winning party, gets to call it. and so i'd say 60%. what the democrats have to win on, they have to get an increase in the tax rate of people making a lot of money. it has to go up beyond 35% to...
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right after boehner's quote. he made some good points. republicans realizes taxes are going to go up, everyone realizes what's going to happen to rates. what we still don't know, what are the democrats proposing to really cut. put on the table, get it out there and let us know what it is. >> how volatile do you think this market is going to be the longer this goes? >> i think if you're the day trader type you absolutely trade it because you love volatility because that's how you're going to make money. if you're the long-term person, i don't think you chase it at all. i think you remain patient, stay on the bid side, let prices come to you because i think they will come to you. the longer this goes on the more frustrated this market is going to get. then it will start to make et cetera own own and we know what happens then. >> thank you, kenny. eggs and purgatory, tyler. that's the recipe of the day. i think it is quite apropos. >>> house speaker boehner voicing his disappointment over the state of the debt talks. so is there still a chan
right after boehner's quote. he made some good points. republicans realizes taxes are going to go up, everyone realizes what's going to happen to rates. what we still don't know, what are the democrats proposing to really cut. put on the table, get it out there and let us know what it is. >> how volatile do you think this market is going to be the longer this goes? >> i think if you're the day trader type you absolutely trade it because you love volatility because that's how you're...
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john boehner, the speaker of the house, sent a message that a deal was in the works. he threw several house members off of key committees when they criticized him openly for looking like he was ready to make some deal on taxes with president obama. that's a sign to me that he's going to clear the decks to try to push through a deal. it's a sign that we're going get some kind of tax increases for the top 2%. i don't know where those numbers are going to be. pretty clear to me that a deal is in the works and we're heading in that direction. what i'm not sure of is whether the market will go up on this, necessarily. >> in terms of that january effect, bob, does that even matter this year? >> yes, look, it's not long from anybody, january and february are the best months of the year. that's a factor. >> let me ask you about putting money to work, keith springer. you say we're going to get a deal regardless. we may get a deal regardless, but that deal means probably higher taxes and lower spending. what are the areas in the economy in your view that get impacted most by a
john boehner, the speaker of the house, sent a message that a deal was in the works. he threw several house members off of key committees when they criticized him openly for looking like he was ready to make some deal on taxes with president obama. that's a sign to me that he's going to clear the decks to try to push through a deal. it's a sign that we're going get some kind of tax increases for the top 2%. i don't know where those numbers are going to be. pretty clear to me that a deal is in...
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president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this afternoon president obama's fiscal photo-op off the day takes him to the suburban home of a middle class families in virginia, one of the thousands who responded to the
president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this...
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president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone
president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone
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boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on this third term that he has figured out a way to have. he's a publisher. he's a 15th richest guy -- most powerful guy on our list, one of the richest men in the world. >> and a quick thought on ilan musk -- we've heard his name but he doesn't get a lot of attention. why is he in the top 70? >> when you think about the entrepreneurial ethos that forbes tries to represent, the people, places and companies that we try to describe an entrepreneurs in particular, here's a guy who founded paypal. here's a guy who's at the front of the tesla automobile. he's now moving cargo through space. filling the void that nasa has left. >> it's like watch what he does zblep's going to be the railroa
boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on this third term that he has figured out a way to have. he's a publisher. he's a 15th richest guy -- most powerful guy on our...
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speaker boehner's proposal, as i understand it, that went over to the white house the other day which they've pretty much called ridiculous offered the 800 billion in revenue, getting it from the same people. the rich people, but rather increasing the tax rates, what they were going to do is close some loopholes and deductions that apply only to the rich people, so that the rich were in effect paying $800 billion, increasing their actual tax, just not the tax rate. the president said no and came back and moved the goal posts and wants 1.6 trillion. >> it's like lucy pulling away the football from charlie brown. the president is now asking for twice the amount of increase in taxes that he campaigned on. really, the proposal that tim geithner brought to capitol hill is one that i believe the democrats one-point even support if put to a voight. the increase in taxes in over $200,000 of income, the incredible increase in change to the death tax, wanting to have a new credit card with no credit limit to the president so he can additionally just borrow and spend and tax? you go through all
speaker boehner's proposal, as i understand it, that went over to the white house the other day which they've pretty much called ridiculous offered the 800 billion in revenue, getting it from the same people. the rich people, but rather increasing the tax rates, what they were going to do is close some loopholes and deductions that apply only to the rich people, so that the rich were in effect paying $800 billion, increasing their actual tax, just not the tax rate. the president said no and...
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all they do is come out, and mitch mcconnell laughs, and boehner says it's terrible. there's a fiscal cliff, and this offer isn't good. show me the money, folks. you have the power. you're bragging about the fact that you kept the house. good. show us your offer. put down your offer. now, here's my view on this. and it is the same as the president's in this respect. rough the biggest aspects of the fiscal cliff is the fact that tax rates are going to go up on all americans. the senate has passed a bill that would give the middle class 98% of the people their tax cut. it is done. it's in a package. it's sitting at our desk. and all that has to happen is for the house to take it up. the only reason they're not taking it up is they want millionaires and billionaires to get their taxes cut, too. and this was a big issue in the campaign, thomas. so why don't we, instead of throwing insults, why don't they just pick up and pass that part as their own republican, tom cole suggested, let's have some good faith here, and we'll hammer out the rest of it. >> so senator, one thin
all they do is come out, and mitch mcconnell laughs, and boehner says it's terrible. there's a fiscal cliff, and this offer isn't good. show me the money, folks. you have the power. you're bragging about the fact that you kept the house. good. show us your offer. put down your offer. now, here's my view on this. and it is the same as the president's in this respect. rough the biggest aspects of the fiscal cliff is the fact that tax rates are going to go up on all americans. the senate has...